01714cam a22002417 4500001000600000003000500006005001700011008004100028100002300069245012700092260006600219490005200285500001900337520072500356530006101081538007201142538003601214700002001250710004201270830008701312856003701399856003601436h0022NBER20180218002309.0180218s1991 mau||||fs|||| 000 0 eng d1 aGalenson, David W.10aPrecedence and Wealthh[electronic resource]:bEvidence from Nineteenth Century Utah /cDavid W. Galenson, Clayne L. Pope. aCambridge, Mass.bNational Bureau of Economic Researchc1991.1 aNBER historical working paper seriesvno. h0022 aFebruary 1991.3 aEarlier work has established a strong positive relationship between a household's wealth and its duration in the local economy. This paper explores the possible connection between the magnitude of this wealth/duration relationship and the community's precedence rate--the percentage of households in a given year (1870) present in the same locale in an earlier year (1860). We hypothesize that a low precedence rate will be associated with a high return to the household's duration in the local economy, controlling for the size of the local population. This hypothesis is tested and tentatively confirmed for the counties of Utah in 1870. We also find that a low precedence rate is associated with increased inequality. aHardcopy version available to institutional subscribers. aSystem requirements: Adobe [Acrobat] Reader required for PDF files. aMode of access: World Wide Web.1 aPope, Clayne L.2 aNational Bureau of Economic Research. 0aHistorical Working Paper Series (National Bureau of Economic Research)vno. h0022.4 uhttp://www.nber.org/papers/h002241uhttp://dx.doi.org/10.3386/h0022